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Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
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Tourist Resorts in Indian-Controlled Kashmir Temporarily Closed Amid Rising Tensions

 

Authorities in Indian-controlled Kashmir have temporarily shut down 48 of the 87 government-authorized tourist resorts in the scenic Himalayan region. This decision follows a deadly attack near the resort town of Pahalgam, where gunmen killed 26 people, most of them Indian tourists.

The attack has heightened tensions between India and Pakistan, leading to diplomatic measures such as visa cancellations, the recall of diplomats, and the suspension of a crucial water-sharing treaty. Pakistan has denied involvement in the attack, which was claimed by a previously unknown militant group.

The closures are a precautionary safety measure, but they have disrupted tourism in the region, which had been flourishing in recent years. Millions of visitors travel to Kashmir annually to experience its natural beauty, despite ongoing skirmishes between insurgents and government forces.

The situation remains tense, with cross-border firing reported along the Line of Control and increased security measures in place.

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